Sichuan Guayoujiang Industrial Co., Ltd. agreed to acquire 3.3% stake in Bank of Zigong Co.,Ltd. from Sichuan Zigong Conveying Machine Group Co., Ltd. (SZSE:001288) for CNY 180 million on November 17, 2023. As on November 17, 2023, Sichuan Guayoujiang Industrial shareholders approved the deal. As on December 5, 2023, Bank of Zigong shareholders approved the deal. As on February 6, 2024, Sichuan Zigong Conveying Machine Group board approved the deal. The transaction is subject to Sichuan Zigong Conveying Machine shareholder approval and All other approvals as may be required by the applicable laws and regulations. As of article dated April 16, 2024 the transaction has received approval from Sichuan Zigong Conveying Machine Group's shareholders.
Sichuan Guayoujiang Industrial Co., Ltd. completed the acquisition of 3.3% stake in Bank of Zigong Co.,Ltd. from Sichuan Zigong Conveying Machine Group Co., Ltd. (SZSE:001288) on April 11, 2024. China Merchants Securities Co., Ltd. acted as Financial advisor to Sichuan Zigong Conveying Machine Group Co., Ltd. Grandall Law Firm acted as legal advisor to Sichuan Zigong Conveying Machine Group Co., Ltd. (SZSE:001288).